Finding someone to buy your silver items can take some time, so you need to make sure that you look around and find the best silver dealers Ferguson has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

A good buyer will carefully assess all of your things to give you an accurate understanding of how much they are worth. You can then use this information to decide what to do. Selling your silver can earn you quite a bit from the right dealer.

Babb's Jewelry

320 Morganton Blvd SW, Lenoir, NC 28645

(828) 757-3709

Offthefork

3066 Hartley Kincaid Place, Lenoir, NC 28645

(828) 754-8575

Standing Strong Designs

2157 Maple Valley Pl, Lenoir, NC 28645

(828) 358-7837

Whitnel Coin and Hobby Shop

235 Mclean Dr SW, Lenoir, NC 28645

(828) 754-7207

The Gold and Silver Recovery Company Inc

216 Blowing Rock Blvd., Lenoir, NC 28645

(828) 754-4500

Charles Babb Designs

320 Morganton Blvd SW, Lenoir, NC 28645

(828) 493-2508

Royal Gold and Silver

1657 Connelly Springs Rd, Lenoir, NC 28645

(828) 572-4216

Sisters Jeweler

1706 Winkler St, Wilkesboro, NC 28697

(336) 903-8499

Brand Jewelry

1820 Winkler St, Wilkesboro, NC 28697

(336) 667-2257

Blowing Rock Estate Jewelry & Antiques

167 Sunset Dr, Blowing Rock, NC 28605

(828) 295-4500

Gems By Gemini

1098 Main St., Suite 1, Blowing Rock, NC 28605

(828) 295-7700

Pandora's Mailbox

1098 Main St, Blowing Rock, NC 28605

(828) 295-4238

Adorments

110 Sunset Dr, Blowing Rock, NC 28605

(828) 414-9031

Morgan's Jewelry

324 Highway 105 Ext, Boone, NC 28607

(828) 264-6793

Tactics That Successful Silver Dealers Use

Silver is a commodity. That means that any single ounce of silver is worth the same as any other ounce of silver at the same purity level. It's been used as money in a variety of cultures and silver dealers use tactics to buy and sell silver and make a profit. Here is how they do it.

Wholesale Markup

Silver dealers are in business to make money and they often do it by buying silver coins or bullion at wholesale prices. Perhaps they were able to buy a silver coin for the rock bottom price of $15. When these coins become scarce in the market, the dealer may choose to offer them to a collector. Collectors pay a higher price and remove the coins from circulation. The dealer makes a profit on the markup over the wholesale price that he paid.

Replacement Cost Price

A dealer should never sell anything for less than the cost of what it would take to replace it. That's the philosophy of most successful dealers in metals. They take the long view and buy silver when it reaches a low. Let's use the same number we used above. Say they bought an ounce for $15.

That's a good buy because the price of silver typically goes for more than that. To gain a profit, the dealer will have to hold onto the bullion until the price rises. At that point, he must sell it at a price no lower than what it would cost him to replace it. If silver has risen to $30 an ounce, he's made a tidy profit when he sells.

The first tactic requires finding the right kind of buyer in order to make a profit. The second one requires patience while waiting for the market to change. Both can be very lucrative.